BlackRock under renewed pressure to support climate action

'The world’s leading investor in climate destruction can no longer evade responsibility'

A coalition of groups led by Majority Action has delivered over 129,000 petition signatures to BlackRock in an effort to force the world's largest asset manager to use its voting powers to force companies to act responsibly on climate.

The petition calls on BlackRock, Vanguard and Fidelity to use their voting powers responsibly by supporting key climate-related shareholder resolutions and voting against directors who are not serving long-term investors' best interests at nine major upcoming shareholder meetings. The latest push comes hot on the heels of an environmental campaign labelled 'BlackRock's Big Problem', which criticised the group last year for being the "largest owner of fossil fuel companies and single largest contributor to climate destruction". Many of the signatories of the latest petition were involved ...